Guide band range set to = 4 on the weekly chart.
LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels.
Price needs to stay within the green band shown.
If price moves to the upper bound within the green band, it is more likely to come down.
If price move to the lower bound within the green band, it is more likely to rebound upwards.
If price breaks significantly into the upper red zone above the green band, it is very likely to get strongly rejected downwards (i.e. during the past ATHs).
For price to advance higher, the collective LVDT band levels needs to first climb higher first to provide the upward "channel" for sustainable growth.
Right now, the LVDT bands looks to be on a healthy steady growth trajectory.
LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels.
Price needs to stay within the green band shown.
If price moves to the upper bound within the green band, it is more likely to come down.
If price move to the lower bound within the green band, it is more likely to rebound upwards.
If price breaks significantly into the upper red zone above the green band, it is very likely to get strongly rejected downwards (i.e. during the past ATHs).
For price to advance higher, the collective LVDT band levels needs to first climb higher first to provide the upward "channel" for sustainable growth.
Right now, the LVDT bands looks to be on a healthy steady growth trajectory.
Comment:
Also, the steepness (positive/negative) of the slope of the parallel LVDT levels may indicate the likelihood of the price going lower/higher when the price hits the upper bound of the green band. The smaller the magnitude of the slope, the greater the chance of a price swing.